South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

Despite the wild swings in the DOW Jones, our local real estate market is amazingly stable.  To track the most current buyer activity, I like to use the Market Activity Ratio, which is the relationship between Active Listings and Pending Sales.  This past week the Market Activity Ratio remained the same at 22.2%.  This is the result of the Active Listings increasing by 3 as the Pending sales decreased by 1.  It’s interesting to note that the number of Pending REOs is 19 and the number of Short Sales is 51 which represents 60.9% of the Pending Sales.  This is a drop from the previous quarter when the percentage of pending distress sales was closer to 70%.

There were a whopping 15 New Sales this past week which brings our YTD to 191 sales.  The majority of the sales occurred below $400,000, but there were 5 sales above $500,000 with a lake view sale near Heavenly Ski resort that sold for $1,060,000.  The 6 month Average Sales price moved slightly down by .4% to $403,304.  The average days on market for these sales is 154 days.

Listings per Status

South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

The late spring snow storm did not deterr the buying activity.  To track the most current buyer activity, I use the Market Activity Ratio which is the relationship between Active Listings and Pending Sales. This past week we saw the Market Activity Ratio very slightly dip from 22.7% to 22.2%.  This is the result of the Active listings increasing by 10 as the Pending Sales remained the same.  It is interesting to note that the number of Pending REO’s is now at 18 and the Short Sales are at 54 which represents 61.5% of the Pending Sales.

This past week we saw 12 new sales for a YTD of 176 sales.  There were 5 sales at $400,000 and below. Then there were 3 other sales above that at $630,000, $699,000 and $3,525,000.  The later being a lake front property in the Tahoe Keys.  This increased the 6 month average by 3.7% which erased last weeks loss to $404,907.  The Average days on market for these sales is 253.

Listings per Status

Area Market Survey

Listings as of 05/14/10 at 12:23pm

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 148   $100,000 thru $119,999 1 21   $120,000 thru $139,999 3 249   $140,000 thru $159,999 7 77   $160,000 thru $179,999 8 99   $180,000 thru $199,999 10 168   $200,000 thru $249,999 23 172   $250,000 thru $299,999 53 166   $300,000 thru $349,999 47 132   $350,000 thru $399,999 38 153   $400,000 thru $449,999 27 124   $450,000 thru $499,999 37 189   $500,000 thru $549,999 21 145   $550,000 thru $599,999 28 183   $600,000 thru $649,999 12 157   $650,000 thru $699,999 10 162   $700,000 thru $749,999 11 197   $750,000 thru $799,999 11 137   $800,000 thru $849,999 2 421   $850,000 thru $899,999 5 72   $900,000 thru $949,999 2 390   $950,000 thru $999,999 8 307   $1,000,000 thru $1,249,999 10 269   $1,250,000 thru $1,499,999 5 100   $1,500,000 thru $1,749,999 5 224   $1,750,000 thru $1,999,999 6 311   $2,000,000 thru $2,249,999 2 64   $2,250,000 thru $2,499,999 4 267   $2,500,000 thru $2,749,999 2 64   $3,750,000 thru $3,999,999 1 17   $4,000,000 thru $4,249,999 2 107   $4,250,000 thru $4,499,999 1 654   $4,750,000 thru $4,999,999 1 1402   $10,000,000 or more 1 148     406 170

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $619,458 Median  $425,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 05/14/10 at 12:23pm

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 84   $120,000 thru $139,999 1 102   $140,000 thru $159,999 4 53   $160,000 thru $179,999 5 165   $180,000 thru $199,999 10 165   $200,000 thru $249,999 18 154   $250,000 thru $299,999 20 246   $300,000 thru $349,999 15 119   $350,000 thru $399,999 9 206   $400,000 thru $449,999 2 46   $450,000 thru $499,999 3 96   $500,000 thru $549,999 4 179   $550,000 thru $599,999 6 265   $600,000 thru $649,999 2 305   $650,000 thru $699,999 1 43   $700,000 thru $749,999 5 213   $750,000 thru $799,999 3 428   $850,000 thru $899,999 1 150   $900,000 thru $949,999 1 73   $950,000 thru $999,999 2 421   $1,000,000 thru $1,249,999 3 230   $1,250,000 thru $1,499,999 1 385     117 188

Summary Price Information Minimum  $99,000 Maximum  $1,488,000 Average  $397,737 Median  $299,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 2 106   $100,000 thru $119,999 1 38   $120,000 thru $139,999 4 269   $140,000 thru $159,999 12 95   $160,000 thru $179,999 10 102   $180,000 thru $199,999 9 113   $200,000 thru $249,999 40 100   $250,000 thru $299,999 34 129   $300,000 thru $349,999 26 158   $350,000 thru $399,999 26 189   $400,000 thru $449,999 16 239   $450,000 thru $499,999 15 147   $500,000 thru $549,999 7 129   $550,000 thru $599,999 10 189   $600,000 thru $649,999 8 211   $650,000 thru $699,999 10 99   $700,000 thru $749,999 3 67   $750,000 thru $799,999 5 295   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 374   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 3 330   $1,250,000 thru $1,499,999 2 295   $1,500,000 thru $1,749,999 1 0   $3,000,000 thru $3,249,999 1 117   $3,500,000 thru $3,749,999 1 244     253 153

Summary Price Information Minimum  $67,000 Maximum  $3,525,000 Average  $404,807 Median  $319,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

There was an up tick in the market!.  To track the most current Buyer activity, I use the Market Activity Ratio which is the relationship between the Active Listings and the Pending Sales.  This past week we saw the Market Activity Ratio increase from 21.3% to 22.7% which is the result of the Active Listings increasing by 3 as the Pending Sales increased by 8.  It is interesting to note that the pending REO sales increased to 16 and the Short Sales increased to 51 which represents 57.8% of the Pending Sales.

There were 9 new sales this past week for a YTD of 164 Sales.  Most of the sales were below $350,000 and one sale above that which was in the Tahoe Keys for a sales price of $750,000.  This decreased the 6 month Average Sales price by 3.3% to $390,234.

Listings per Status

Listings per Status

Area Market Survey Listings as of 05/07/10 at 8:39am Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 141   $120,000 thru $139,999 4 210   $140,000 thru $159,999 7 70   $160,000 thru $179,999 9 82   $180,000 thru $199,999 10 217   $200,000 thru $249,999 22 191   $250,000 thru $299,999 53 177   $300,000 thru $349,999 42 128   $350,000 thru $399,999 38 172   $400,000 thru $449,999 29 111   $450,000 thru $499,999 31 215   $500,000 thru $549,999 21 144   $550,000 thru $599,999 24 179   $600,000 thru $649,999 13 142   $650,000 thru $699,999 10 179   $700,000 thru $749,999 11 203   $750,000 thru $799,999 9 159   $800,000 thru $849,999 3 278   $850,000 thru $899,999 7 136   $900,000 thru $949,999 2 383   $950,000 thru $999,999 7 343   $1,000,000 thru $1,249,999 10 262   $1,250,000 thru $1,499,999 5 93   $1,500,000 thru $1,749,999 6 184   $1,750,000 thru $1,999,999 7 325   $2,000,000 thru $2,249,999 2 57   $2,250,000 thru $2,499,999 4 260   $2,500,000 thru $2,749,999 2 57   $3,750,000 thru $3,999,999 1 10   $4,000,000 thru $4,249,999 2 100   $4,250,000 thru $4,499,999 1 647   $4,750,000 thru $4,999,999 1 1395   $10,000,000 or more 1 141     396 176     Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $630,834 Median  $425,000 Equal Opportunity Housing * All information deemed reliable, but not guaranteed. Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved. Area Market Survey Listings as of 05/07/10 at 8:39am Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 77   $140,000 thru $159,999 3 62   $160,000 thru $179,999 4 164   $180,000 thru $199,999 10 116   $200,000 thru $249,999 19 143   $250,000 thru $299,999 19 196   $300,000 thru $349,999 12 136   $350,000 thru $399,999 8 175   $400,000 thru $449,999 3 79   $450,000 thru $499,999 5 195   $500,000 thru $549,999 4 172   $550,000 thru $599,999 5 309   $600,000 thru $649,999 2 298   $650,000 thru $699,999 4 78   $700,000 thru $749,999 5 206   $750,000 thru $799,999 3 421   $850,000 thru $899,999 1 143   $900,000 thru $949,999 1 66   $950,000 thru $999,999 2 414   $1,000,000 thru $1,249,999 3 223   $1,250,000 thru $1,499,999 1 378   $4,250,000 thru $4,499,999 1 238     116 177     Summary Price Information Minimum  $99,000 Maximum  $4,250,000 Average  $446,448 Median  $320,600 Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 2 106   $100,000 thru $119,999 1 38   $120,000 thru $139,999 4 269   $140,000 thru $159,999 12 95   $160,000 thru $179,999 10 102   $180,000 thru $199,999 10 107   $200,000 thru $249,999 40 109   $250,000 thru $299,999 34 124   $300,000 thru $349,999 25 141   $350,000 thru $399,999 26 189   $400,000 thru $449,999 15 251   $450,000 thru $499,999 15 157   $500,000 thru $549,999 7 129   $550,000 thru $599,999 11 184   $600,000 thru $649,999 7 227   $650,000 thru $699,999 9 125   $700,000 thru $749,999 3 67   $750,000 thru $799,999 5 295   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 374   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 3 330   $1,250,000 thru $1,499,999 2 295   $1,500,000 thru $1,749,999 1 0   $3,000,000 thru $3,249,999 1 117     250 154     Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $390,234 Median  $317,250 Equal Opportunity Housing * All information deemed reliable, but not guaranteed. Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

 

South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

The market is showing amazing consistency!  To track the pulse of the buying activity, I use the Market Activity Ratio which is the relationship between Active listings and Pending sales.  This past week we saw the Market Activity Ratio remain about the same as it dipped slightly from 21.6% to 21.3%.  This is the result of the Active listings increasing by 7 as the Pending sales remained the same.  It’s interesting to note that the number of pending bank owned properties is now at 14 sales and the short sales are at 50.  Together these distress sales represent 59.3% of the Pending sales.

There were a whopping 11 new sales this past week for a YTD of 155 sales.  Half of the sales prices were below 300,000 and at the top were two sales above a million and in the Tahoe Keys for $1,120,000 and $1,400,000.  This increased the 6 month Average Sales price by 2.9% to $403,629.  The average days on market for the sales this year is 157 days.

Listings per Status

 

Area Market Survey

Listings as of 04/30/10 at 8:50am

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 2 134   $120,000 thru $139,999 3 241   $140,000 thru $159,999 7 69   $160,000 thru $179,999 11 63   $180,000 thru $199,999 13 170   $200,000 thru $249,999 26 194   $250,000 thru $299,999 53 183   $300,000 thru $349,999 41 125   $350,000 thru $399,999 34 177   $400,000 thru $449,999 28 108   $450,000 thru $499,999 29 206   $500,000 thru $549,999 22 168   $550,000 thru $599,999 25 186   $600,000 thru $649,999 12 152   $650,000 thru $699,999 9 151   $700,000 thru $749,999 14 204   $750,000 thru $799,999 8 170   $800,000 thru $849,999 4 229   $850,000 thru $899,999 7 129   $900,000 thru $949,999 3 277   $950,000 thru $999,999 7 350   $1,000,000 thru $1,249,999 9 252   $1,250,000 thru $1,499,999 5 143   $1,500,000 thru $1,749,999 6 177   $1,750,000 thru $1,999,999 7 318   $2,000,000 thru $2,249,999 2 50   $2,250,000 thru $2,499,999 4 253   $2,500,000 thru $2,749,999 2 50   $3,750,000 thru $3,999,999 1 3   $4,000,000 thru $4,249,999 2 93   $4,250,000 thru $4,499,999 1 640   $4,750,000 thru $4,999,999 1 1388   $10,000,000 or more 1 134     399 175

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $626,764 Median  $425,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 04/30/10 at 8:50am

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 70   $140,000 thru $159,999 3 90   $160,000 thru $179,999 3 219   $180,000 thru $199,999 8 130   $200,000 thru $249,999 16 114   $250,000 thru $299,999 17 191   $300,000 thru $349,999 14 141   $350,000 thru $399,999 10 191   $400,000 thru $449,999 3 72   $450,000 thru $499,999 6 182   $500,000 thru $549,999 3 185   $550,000 thru $599,999 4 291   $600,000 thru $649,999 1 525   $650,000 thru $699,999 4 71   $700,000 thru $749,999 3 220   $750,000 thru $799,999 3 414   $850,000 thru $899,999 2 89   $900,000 thru $949,999 1 59   $950,000 thru $999,999 1 721   $1,000,000 thru $1,249,999 3 216   $1,250,000 thru $1,499,999 1 371   $4,250,000 thru $4,499,999 1 231     108 175

Summary Price Information Minimum  $99,000 Maximum  $4,250,000 Average  $448,762 Median  $327,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 2 106   $100,000 thru $119,999 1 38   $120,000 thru $139,999 4 269   $140,000 thru $159,999 10 93   $160,000 thru $179,999 10 102   $180,000 thru $199,999 11 110   $200,000 thru $249,999 40 111   $250,000 thru $299,999 36 142   $300,000 thru $349,999 28 149   $350,000 thru $399,999 27 186   $400,000 thru $449,999 17 227   $450,000 thru $499,999 16 200   $500,000 thru $549,999 7 129   $550,000 thru $599,999 11 184   $600,000 thru $649,999 8 210   $650,000 thru $699,999 10 131   $700,000 thru $749,999 3 67   $750,000 thru $799,999 4 358   $800,000 thru $849,999 1 393   $850,000 thru $899,999 1 439   $900,000 thru $949,999 2 374   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 3 330   $1,250,000 thru $1,499,999 2 295   $1,500,000 thru $1,749,999 2 71   $2,500,000 thru $2,749,999 1 496   $3,000,000 thru $3,249,999 1 117     261 161

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $403,629 Median  $319,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

South Lake Tahoe Weekly Real Estate Market Statistics

As of July 29th, 2009, I began adding Condos to the market statistics.  What you are looking at below are charts and numbers derived from the South Tahoe Association Of Realtors Multiple Listing Service for Single Family Homes and Condos.  The reason that I use this segment of the market is that it has the most influence on the general value trends.

We know summer is drawing near when the inventory begins to grow!  For the first time this year, the Buyer Activity is showing a sign that it is being outpaced by a sharp rise in inventory.  To track the most current Buyer activity in the real estate market, I track the Market Activity Ratio which is the relationship between Active Listings and Pending Sales.  This past week we saw the Market Activity Ratio decrease from 22.9% to 21.6% which is the result of the Active Listings increasing by 25 as the Pending Sales decreased by 1.  The number of Pending Short Sales is now at 16.

There were 6 new sales this past week for a YTD of 144 sales.  The majority of the sales occurred below $400,000 with two sales above that with prices at $467,000 and $550,000.  This did bring the 6 month Average Sales Price down by .5% to $392,372.  The Average Days on market is 153 days.

Listings per Status

Area Market Survey

Listings as of 04/22/10 at 7:49pm

Active Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 258   $120,000 thru $139,999 2 350   $140,000 thru $159,999 5 87   $160,000 thru $179,999 10 61   $180,000 thru $199,999 12 174   $200,000 thru $249,999 30 168   $250,000 thru $299,999 50 185   $300,000 thru $349,999 39 128   $350,000 thru $399,999 34 184   $400,000 thru $449,999 27 101   $450,000 thru $499,999 28 207   $500,000 thru $549,999 18 194   $550,000 thru $599,999 26 159   $600,000 thru $649,999 11 102   $650,000 thru $699,999 11 209   $700,000 thru $749,999 14 197   $750,000 thru $799,999 10 129   $800,000 thru $849,999 3 294   $850,000 thru $899,999 8 173   $900,000 thru $949,999 3 269   $950,000 thru $999,999 6 385   $1,000,000 thru $1,249,999 9 254   $1,250,000 thru $1,499,999 7 176   $1,500,000 thru $1,749,999 6 169   $1,750,000 thru $1,999,999 8 289   $2,000,000 thru $2,249,999 3 206   $2,250,000 thru $2,499,999 4 245   $2,500,000 thru $2,749,999 2 42   $4,000,000 thru $4,249,999 2 85   $4,250,000 thru $4,499,999 1 632   $5,000,000 thru $5,999,999 1 1380   $10,000,000 or more 1 126     392 177

Summary Price Information Minimum  $99,000 Maximum  $12,900,000 Average  $639,275 Median  $429,750

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

Area Market Survey

Listings as of 04/22/10 at 7:49pm

Pending Listing Price Range  Quantity      Average DOM   $90,000 thru $99,999 1 62   $140,000 thru $159,999 3 82   $160,000 thru $179,999 4 223   $180,000 thru $199,999 8 125   $200,000 thru $249,999 14 114   $250,000 thru $299,999 18 179   $300,000 thru $349,999 16 122   $350,000 thru $399,999 8 172   $400,000 thru $449,999 3 90   $450,000 thru $499,999 5 188   $500,000 thru $549,999 4 145   $550,000 thru $599,999 4 283   $600,000 thru $649,999 1 517   $650,000 thru $699,999 5 118   $700,000 thru $749,999 2 140   $750,000 thru $799,999 1 1024   $850,000 thru $899,999 2 81   $900,000 thru $949,999 1 51   $950,000 thru $999,999 1 713   $1,000,000 thru $1,249,999 4 294   $1,750,000 thru $1,999,999 1 276   $4,250,000 thru $4,499,999 1 223     107 171

Summary Price Information Minimum  $99,000 Maximum  $4,250,000 Average  $450,118 Median  $320,000

Sold Selling Price Range  Quantity      Average DOM   $60,000 thru $69,999 1 77   $70,000 thru $79,999 1 82   $80,000 thru $89,999 3 97   $100,000 thru $119,999 1 38   $120,000 thru $139,999 8 213   $140,000 thru $159,999 14 97   $160,000 thru $179,999 16 103   $180,000 thru $199,999 22 133   $200,000 thru $249,999 82 127   $250,000 thru $299,999 95 145   $300,000 thru $349,999 62 139   $350,000 thru $399,999 53 177   $400,000 thru $449,999 30 199   $450,000 thru $499,999 32 198   $500,000 thru $549,999 18 214   $550,000 thru $599,999 22 177   $600,000 thru $649,999 15 218   $650,000 thru $699,999 17 154   $700,000 thru $749,999 7 99   $750,000 thru $799,999 8 285   $800,000 thru $849,999 3 250   $850,000 thru $899,999 2 432   $900,000 thru $949,999 5 284   $950,000 thru $999,999 1 1   $1,000,000 thru $1,249,999 2 217   $1,250,000 thru $1,499,999 2 269   $1,500,000 thru $1,749,999 3 52   $2,500,000 thru $2,749,999 1 496   $2,750,000 thru $2,999,999 1 130   $3,000,000 thru $3,249,999 1 117     528 159

Summary Price Information Minimum  $67,000 Maximum  $3,200,000 Average  $387,189 Median  $314,000

Equal Opportunity Housing * All information deemed reliable, but not guaranteed.

Info deemed reliable but not guaranteed. DOM may not reflect total days property has been on market Copyright ©2010 Rapattoni Corporation. All rights reserved.

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